Tag: warner music

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Major labels gave evidence to the UK’s music streaming economics inquiry… so what did we learn?

It's actually pretty rare to get genuine smoking-gun 'gotchas' from political inquiries in the moment. When they work well, it's more about patient, forensic questioning that elicits genuinely enlightening answers – and...
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WMG strikes deal with Punjabi music firm Sky Digital India

As India’s music streaming market grows, so the western major labels continue to seek out partners to grow their foothold there. The latest example is Warner Music Group’s new distribution agreement with Sky Digital India,...
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Roblox raises $520m funding round from investors including WMG

Gaming platform Roblox was all set to go public in late 2020, before putting off its IPO until this year to give more time to decide how to price it. Now the company has sprung a surprise with a new funding round of $520m –...
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TikTok’s latest licensing deal is with Warner Music Group

Amid continued uncertainty about a future sale, spin-off or shutdown in the US (or, indeed, none of the above), TikTok’s music licensing work continues. Just before Christmas the company signed a new agreement with...
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WMG boss hopes Spotify rivals will also test price rises

Warner Music Group chief Steve Cooper has welcomed Spotify’s tests of higher-priced subscriptions, and hopes that it might persuade rivals to follow suit. “We do think this is good news that Spotify is beginning...
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Tidal adds millions of WMG hi-res tracks using MQA technology

Tidal is swelling its catalogue of hi-res music, announcing yesterday that "millions" of Warner Music tracks in the MQA format have been added to its HiFi tier. Tidal also announced that "since 2019, MQA users have doubled...
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Audiomack’s new WMG licensing deal includes Africa

Streaming service Audiomack has a new deal with Warner Music Group, which for the first time includes Africa, Canada and Jamaica. It's the first of those that's most interesting, coming just a week after Audiomack announced...
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WMG’s international boss Stu Bergen is stepping down

Warner Music Group's CEO of international and global commercial services, Stu Bergen, has announced that he is stepping down at the end of January 2021. "In the meantime, I'll give my all to a smooth and seamless transition,...
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WMG leads funding round for 3D worlds startup Anything World

We had a line about a startup called Anything World in a bulletin earlier this month, intrigued by its plans to let people "create 3D worlds with your voice". Today, the UK-based company is revealing that WMG was the...
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WMG set for $338m acquisitions (and possibly revenue decline)

It was a busy day for Warner Music Group yesterday, with several interrelated announcements. First, there was news of the company raising $250m of new funding through a 'senior secured notes offering' to be spend to "fund...
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Warner Music’s ADA expands its business to Japan

WMG's distribution division ADA is expanding again: this time to the world's second largest recorded music market. ADA is opening up in Japan just a month after launching its ADA Asia arm in Singapore, while in July the...
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Soundtrack Your Brand renews WMG deal, launches on-demand tier

B2B streaming service Soundtrack Your Brand has renewed its licensing deal with Warner Music Group, a couple of months after striking an agreement with Universal Music Group. In WMG’s case, it’s a renewal of the deal...